You are here: Home » International » News » Companies
Business Standard

Will Bayer-Monsanto seed deal affect Indian farmers? CCI consults public

Mergers and acquisitions beyond a certain threshold require approval of the CCI

Press Trust of India  |  New Delhi 

Monsanto-Bayer merger: CCI approval may not come so easy

The Competition Commission of today launched a public consultation process to determine whether the billion dollar deal between global giants and to create the world's largest seeds and firm will have any adverse impact on competition in

Issuing a public notice inviting comments from everyone affected or likely to be affected by this merger, the said the submissions must be made within 15 working days.

The fair trade regulator launches such public consultation process if it is of the prima facie opinion that a combination has or is likely to have an appreciable adverse effect on competition.

The global level deal has been under scrutiny for quite some time amid apprehensions about possible adverse impact on genetically modified market competition scenario in the country, as alleged by some parties who fear creation of monopoly.

beyond a certain threshold require approval of the

German and pharma major is buying out in a USD 66 billion deal.

Both the have presence in India, with the US firm selling genetically modified (GM) cotton seeds in the country for more than a decade.

As per a notice filed by before the CCI in October 2016, the "proposed combination raises no competitive concern in any of the overlap products".

In India, both entities have presence in production and sale of vegetable seeds, cotton seeds as well as in production and sale of non-selective herbicides, according to that notice.

First Published: Fri, January 05 2018. 11:49 IST
RECOMMENDED FOR YOU